No More Slap on the WristJun 1, 2005,By Karen Donovan In the past, almost any violation by a rep resulted in a fine. Only in the most extreme cases were severe measures, like suspension and expulsion, used.... The Cost of ComplianceJun 1, 2005
Q: I am a big fan of the Ethical Rep section of the magazine. As a registered representative, I often encounter situations where my licensing and continuing... Fess Up: The Firm Will Find Out AnywayJun 1, 2005,By Bill Singer People applying for work on Wall Street can be denied for many reasons these days, but there are two very common ways they get tripped up. First, some... The Compliant PresidentJun 1, 2005,By B. Slade After eight turbulent years under President Bush, America is heading in different direction a very different direction. It's February 2009 time to meet... Can Anyone Get This Write?May 1, 2005,By Bill Singer Eva Yee May Sung forged the signatures of public customers and a branch manager on forms authorizing Sung to become the new representative of certain... Class-Action ThreatMay 1, 2005,John Churchill Smith Barney is facing a new round of sex-discrimination suits. A quartet of financial consultants from California has filed a national class-action lawsuit... Research RequirementsMay 1, 2005
Q: Many firms use third-party investment research to cover companies their own analysts don't or to supply a second opinion. As part of these arrangements,... Death by Nickels and DimesApr 1, 2005
Q: I joined my current firm in October 2003 and signed a contract that stipulated ticket charges would be $15. After only six months, the firm raised... How Not to Get SuedApr 1, 2005,Thrupthi Reddy, senior editor, Trusts & Estates. If you're a fiduciary and don't want to get sued and fined pay close attention to litigation expert Dominic J. Campisi. Campisi, a partner in the San... The Ethical Rep: Responsibility IssuesMar 1, 2005
I underwent a grueling arbitration hearing this year. The complainant's attorney claimed I'd acted in a fiduciary capacity by purchasing and allocating... How Free Training Can Cost You a BundleMar 1, 2005,By Bill Singer Training is everythingcauliflower is nothing but cabbage with a college education. Mark Twain To this famous quote brokerage firms might add: Financial... Conditional ForgivenessFeb 1, 2005
Q: Recently I have been offered a forgivable loan as part of a transition package. I've taken loans before, but I've never seen one of the requirements... Short but Not Necessarily SweetFeb 1, 2005,By Bill Singer Greener pastures await at another broker/dealer: I'm outta here. Adios. Sayonara. Kiss mywell, you get the idea. It's a heady moment when a rep leaves... For the RecordJan 1, 2005,By Bill Singer Aclient of mine recently received the securities industry's equivalent of the black spot that pirate death summons made famous in Robert Louis Stevenson's... Not in My NameJan 1, 2005
Q: In March 2003, I purchased $80,000 of Franklin New York Tax-Free A shares for my 70+-year-old client, who wanted to hold them long-term and was eligible... The Promise KeepersDec 1, 2004
Q: I have about $154,000 remaining on a forgiveable loan that I received when I joined a major wirehouse in 2001. Recently I was terminated for unauthorized... Read It and SteepNov 1, 2004,By Bill Singer When dealing with lawyers especially on matters as complex as securities law even the most controlling clients are tempted to go passive. The instinct... The Fear of PursuitNov 1, 2004
Q: I joined a regional bank brokerage firm three years ago. When I hired on, I was asked to sign a nonsolicitation agreement. Eleven months later, at... To Quit or Not To Quit, That Is the Question on Item 14JOct 1, 2004,By Bill Singer Your branch manager is a jerk. The broker/dealer is run by idiots. Worse, those morons just reprimanded you for unsatisfactory production and warned you... On Ambulance Chasing and Asset ProtectionSep 1, 2004,By Daniel L. Daniels, David T. Leibell and Russ Alan Prince As anyone who rides public transportation or watches late-night TV can attest, our society is a litigious one. We've all seen the ads: Have you or someone... The Blame GameSep 1, 2004
Q: In a grueling arbitration hearing this year, the complainant's attorney alleged I'd acted in a fiduciary capacity by purchasing and allocating a variable... On the Hot SeatAug 1, 2004,By Alison K. Jimenez They're coming to get you. As the number of arbitrations filings increases, so too do the odds that you will be called to appear in a regulatory hearing.... Dealing With ComplainersAug 1, 2004,By Bill Singer Death and taxes are an inevitable part of everyone's life. If you're a registered rep, you can add customer complaints to that short list. It's an article... A Question of ClassJul 1, 2004
Q: My firm encouraged in a documentable way the conversion of A-share mutual funds into a new class that could be held in wrap accounts (and be charged... When Silence Isn't GoldenJul 1, 2004,By Bill Singer The current suit-happy environment has left more than one registered rep yearning for the Cone of Silence, that whimsical invention from the 1960s spy... |
Current Issue Asset-Gathering MachinesBY HALAH TOURYALAI In the first half of 2008, Camden Capital Management, a fee-only RIA in El Segundo, Calif., added $100 million to its growing pot of client assets... advertisement
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